Giant Technology Company Apple can buy Video Subscription Product Netflix. Earlier there were reports that Apple is going to launch its own video subscription product to cross netflix this year. Two analysts, Jim Suwa and Asia Merchant, say that we expect by 40 percent that Apple would buy Netflix. He said that under the new tax policies, Apple has to return nearly $ 140 trillion (220 billion dollars) to its country of America.
The company has around $ 160 trillion ($ 250 billion ), which is growing every year by about 31 trillion rupees ($ 50 billion $). According to the new American tax policies, this amount is very high. He further stated that historically, Apple has saved the U.S. from withdrawing cash to avoid high taxes.
That's why Apple has been given the facility to spend its money under new tax reforms. It is worth noting that 90 percent of Apple's worth is in abroad, so once 10 percent tax reciprocity gets Apple, it will get $ 220 billion for mergers and acquisitions or repurchase.
Netflix, a challenge from Amazon
According to a report, Apple's iTunes, which had a large collection of songs, movies, TV shows, episodes, was very popular at the beginning. But after that a large number of people started using services like Netflix, Amazon or Hulu to see their favorite shows. After this, Apple continues to face tough competition in this field, for which it has been forced to offer attractive offers of TVs or movies.
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